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jesstina
Jun 2, 2008, 05:05 PM
I just received a mortgage loan covered by the real estate settlement procedures act. The first loan servicer told me that my loan is now transferred to a new servicer. Can you tell me why is that, the transfer is the same day.

Fr_Chuck
Jun 2, 2008, 05:16 PM
Many lenders sell their loans to third parties, this is not uncommom at all.